What is The Mauritius Development Investment Trust Co Financial Strength?
The Mauritius Development Investment Trust Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
Good Sign:
The Mauritius Development Investment Trust Co Ltd shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
The Mauritius Development Investment Trust Co has no long-term debt (1).
The Mauritius Development Investment Trust Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.00.
As of today, The Mauritius Development Investment Trust Co's Altman Z-Score is 3.89.
(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Competitive Comparison of The Mauritius Development Investment Trust Co's Financial Strength
For the Asset Management subindustry, The Mauritius Development Investment Trust Co's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The Mauritius Development Investment Trust Co's Financial Strength Distribution in the Asset Management Industry
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
The Mauritius Development Investment Trust Co has a Z-score of 3.89, indicating it is in Safe Zones. This implies the Z-Score is strong.
Good Sign:
Altman Z-score of 3.89 is strong.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The Mauritius Development Investment Trust Co (XMAU:MDIT) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
The Mauritius Development Investment Trust Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.
The Mauritius Development Investment Trust Co Financial Strength Related Terms
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The Mauritius Development Investment Trust Co (XMAU:MDIT) Business Description
The Mauritius Development Investment Trust Co Ltd is an investment trust and a closed-end fund. Its investment objective is to secure for investors the benefits of a good dividend yield as well as long-term capital growth. The company is organized into one main operating segment, which invests in quoted and unquoted securities both on the local and overseas market. The company operates in Mauritius, Europe, United Kingdom, United States, Asia and South Africa, out of which it derives maximum revenue from Mauritius.
The Mauritius Development Investment Trust Co (XMAU:MDIT) Headlines
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